Revenge buying: The role of negative emotions caused by lockdowns

Abstract

With the stabilizing of COVID-19 and the lessening of isolation measures, the consumption market is gradually recovering. Consumers exhibit a tendency to compensate for the previous pent-up demand, triggering the phenomenon of revenge spending. Nevertheless, research on revenge buying during the pandemic has been limited thus far. Moreover, the role of negative emotions and retail therapy has not been well explored. Therefore, drawing from retail therapy theory and the stimulus-organism-response framework, this study aims to investigate how negative emotions, physiological motivations, and self-seeking stimulate consumers to form positive perceptions that revenge buying can provide therapeutic utilities, and consequently choose revenge buying. Empirical data were collected from China. The structural equation modelling results reveal that anxiety, boredom, self-seeking, and psychological motivation have a positive influence on therapeutic shopping motivation, therapeutic shopping value and therapeutic shopping outcome, which subsequently influence revenge buying behavior. The theoretical model provides a novel perspective to research revenge buying. Additionally, the results provide managerial implications for consumer, retailers, and policymakers to make preparedness for revenge buying in future health crises.